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Penn Foster BUS 101 Introduction to Business
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This course provides an understanding of the various facets of business and the challenges businesses face in a global environment such as competition and economics. Accounting, technology and information systems, marketing and management are examined through the phases of starting and growing a business. Management of financial and human resources along with the ethical and social responsibilities of business are examined.

Penn Foster BUS 101 Introduction to Business
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25 Questions

1. When all workers performing similar tasks are grouped together, it reflects which type of manufacturing

2. ______ products are either known by the consumer but not actively pursued, or unknown to the consumer. Such as the case with new technologies

3. Which statement accurately describes a business plan

4. _____ are organizations formed by individuals or businesses with similar interests to achieve greater economies of scale and economic power through collective ownership

5. production and operations management involves three main types of decisions that are made at three different stages. The first decision to be made deals with

6. Which of the following would focus on atmospherics

7. Which statement about a corporation is accurate

8. Which of the following is a critical IT solution for attracting and retaining younger workers

9. What must be paid first to preferred stockholders before the company can pay to any common stockholders

10. People who consistently buy the least expensive brand are called

11. Which of the following is true of the role of ethics and social responsibility in ethics?

12. A country with a surplus of oil but limited access to fresh water decides to trade resources with A country with plentiful water but no domestic oil fields. The two countries exchange these resources without any money involved. This exchange of products is best described as

13. Which of the following was designed in response to environmental issues, such as global warming and water pollution, to promote clean production processes

14. The first type of trading and development a new employee is exposed to is

15. One of the advantages of owning a small business is

16. Which of the following is off the job training

17. ______ is responsible for identifying the Theory Z style of management

18. A nation's ____ can be best defined as the difference in value between its exports and imports

19. Which of the following often make short term loans for which borrowers put up tangible assets because they can't get credit elsewhere

20. The C Corporation is another term for

21. To become a certified public accountant (CPA), an accountant must complete and approved bachelors degree program and pass a test prepared by the

22. In the ______ stage of product lifecycle, sales grow at an increasing rate, profits are health, and many competitors enter the market

23. Which of the following functions involves bringing similar stacks together into a larger quantity

24. ______ are individual investors or groups of experienced investors who provide funding for start-up businesses

25. The typical problem-solving team

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